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The total population of Buchanan township is estimated to be 3,443 with 1,629 males (47.31%) and 1,814 females (52.69%). There are 185 more females than males in Buchanan township.
The median household income in Buchanan township was $63,830 in 2021, which marked an a decrease of 164(0.26%) from $63,994 in 2020. This income is 85.56% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Buchanan township sees its highest median household income among householders in the age group of 45 to 64 years old, at $73,062. Overall, the median household income for the township of Buchanan township stands at $63,830.
In Buchanan township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,806 for males and $27,063 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,108 for males and $44,187 for females.
In Buchanan township, population is primarily represented by White households, reporting a median income of $63,423.
In 2022, the population of Buchanan township was 3,429, a 0.26% increase year-by-year from 2021. Previously, in 2021, Buchanan township's population was 3,420, a decline of 0.35% compared to a population of 3,432 in 2020.
The median age in Buchanan Township, Michigan is 50.7, as per 2021 ACS 5-Year Estimates. Of the total population, 14.84% were under the age of 15, 12.19% aged 15 to 29, 49.39% aged 30 to 64, 21.55% aged 65 to 84, and 2.04% were 85 years of age and older.
Racial distribution of Buchanan township population: 91.49% are White, 1.66% are Black or African American, 0.85% are American Indian and Alaska Native and 6.01% are multiracial.